Not a week goes by without a new and exciting development in Korea with ICONLOOP’s progress. The past two weeks included announced MoU’s with Danal/Paycoin, a leading payments company, and Pohang City, POSCO, & POSTECH.
Danal is a global giant with over $5 Billion in market share, the largest in the mobile payment industry with 100K+ merchants. Their fintech project, Paycoin, will integrate ICONLOOP’s blockchain & MyID. Additionally, ICONLOOP and Danal/Paycoin will explore future collaboration opportunities.
ICONLOOP and Pohang City-POSCO-POSTECH signed an MoU to build a Pohang data ecosystem. ICONLOOP plans to cooperate to create a digital ID ecosystem in Pohang City based on MyID, and aims to create a practical smart citizen life with the use of blockchain technology. Pohang is a city of 500,000, POSCO was the largest steel manufacturer in the world (currently 4th) & POSTECH is the Caltech of Korea!